SOURCE: GeoNovus Minerals Corp.

GeoNovus Minerals Corp.

April 08, 2015 17:26 ET

GeoNovus Closes Financing

VANCOUVER, BC--(Marketwired - April 08, 2015) - GEONOVUS MINERALS CORP. (CSE: GNM) ("GeoNovus" or the "Company") announces that, further to its news releases dated March 11th, 2015, the Company has completed its non-brokered private placement of 15,450,000 units (the "Units") at a price of $0.02 per Unit for gross proceeds of $309,000 (the "Offering").

Each Unit is comprised of one common share (a "Share") and one half Share purchase warrant (a "Warrant") of the Company. Each full Warrant will entitle the holder to purchase one Share (a "Warrant Share") at a price of $0.05 per Warrant Share until April 8, 2016.

All securities issued pursuant to the private placement are subject to a hold period expiring on August 9, 2015.

ON BEHALF OF THE BOARD

Michael England
President & CEO

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